2006 Program-Related Investments Conference Summary
In January 2006, the PRI Makers Network and Stanford Graduate School of Business’s Center for Social Innovation sponsored the first annual Program-Related Investments (PRI) Conference in Palo Alto, California. The conference brought together 150 professionals from foundations ranging in size, programmatic focus, geographic concentration, and familiarity with PRIs. Conference participants shared best practices, discussed emerging innovations, and built professional networks. The organizers and participants aimed to increase the prevalence and efficacy of PRI making. This summary presents key issues addressed in the conference and features several case studies that illustrate them.
This conference summary introduces the concept and background of program-related investing. It describes opportunities and risks associated with the practice, and it provides insight into innovative applications of program-related investments.